- Ford has revised up pricing for the 2023 F-150 Lightning, citing better material costs and increased capacity at Ford’s River Rouge Complex.
- The base Pro model now costs $51,990, almost $10,000 less but still about $10,000 off the original base MSRP for 2022.
- The Platinum Extended Range represents the top of the line at $93,990, around $6000 less than the previous price announced in March.
Ford has again adjusted the price for the F-150 Lightning, but this time the automaker is reducing the price instead of raising it. After adding $4000 to the electric truck’s base price in March—with Ford citing supply chain issues and higher material costs—the company is now slashing prices between $6000 and $10,000 across the lineup for the remainder of the Lightnings’ 2023 model year.
The workhorse Pro model now costs $51,990, down from $61,969 earlier this year. Still, that’s a larger amount than the original base MSRP of $41,769 from 2022. Stepping up to the XLT will now cost $56,990, a drop of $9,479, while the Lariat opens at $71,990, a drop of about $7000. Extended Range versions of the XLT and Lariat start at $71,990 and $79,490, roughly $8500 respectively. The lineup-topping Platinum Extended Range now costs $93,990, down only about $6000.
Ford says the price drop is the result of greater capacity at Ford’s River Rouge plant where the truck is built, with increased production scale reducing unit costs. Ford also said the price of raw materials used to build batteries has fallen. The Rouge Electric Vehicle Center is temporarily closed as Ford implements upgrades that should allow the plant to produce 150,000 trucks annually starting this fall.
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Caleb Miller started blogging about cars at age 13, and he realized his dream of writing for a car magazine after graduating from Carnegie Mellon University and joining Car and Driver team. He likes quirky and obscure cars, aspires to own something outlandish like a Nissan S-Cargo, and is an avid motorsport fan.